Pension Funding Levels Surged in 2013

Senior Editor

Rising interest rates and a booming stock market helped lift corporate pensions in 2013 to their highest funding levels since 2007. The prospect of further rate increases this year could push many of the plans’ funding levels over 100%, according to consultants.

Real estate industry veteran Diane Morefield, EVP and CFO of Strategic Hotels & Resorts, Inc., discusses the challenges she has undertaken throughout her career in both finance and operational roles and her management style. While viewing herself as a “conservative voice” in an industry known for risk-taking, she says it's important to take risks when it comes to building one's career.